Bitcoin has experienced a 5.85% increase over the past week, reaching US$103,603, remaining relatively stable after its initial surge.
Most cryptocurrencies followed Bitcoin's growth pattern followed by stagnation, with Ethereum and Solana seeing modest declines.
XRP has garnered increased interest from South Korean traders, surpassing Bitcoin and Ethereum in trading volumes on the country's largest exchange, hitting US$1.2 billion daily.
Analyst Dom Harz of BOB emphasizes that Bitcoin's significance now extends beyond price to institutional adoption and utility, as its market cap surpasses silver and Google, with DeFi TVL doubling and institutions accumulating Bitcoin.